Comlabs Selects Gilat for US Government Critical Communications Requirements

Gilat’s SkyEdge II-c hubs will be used to support critical alert and warning capabilities of hundreds of federal, state, and local government agencies

Petah Tikva, Israel, November 29, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the company’s products and technology were selected by Comlabs Government Systems, a US-based systems integrator, as a service upgrade to their existing satellite network of several hundred government and nuclear sites throughout the United States.

Two Gilat SkyEdge II-c hubs and hundreds of fixed and mobile VSATs will be deployed to upgrade the satellite connectivity requirements of Comlab’s customer base of US government and nuclear facility customers. Comlabs’ proprietary technology offers “Hyper Critical Availability” connectivity to emergency managers, supporting reliable dissemination of alert and warning information to the public.

Gilat Presents Strong Growth and Results for Third Quarter 2022

Revenue of $60.4 million, up 21% year-over-year, GAAP operating income of $3.4 million versus $0.8 million in Q3 last year, and adjusted EBITDA of $7.3 million, up 88% year-over-year

Petah Tikva, Israel – November 14, 2022 – Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the third quarter ended September 30, 2022.

Third Quarter 2022 Financial Highlights

• Revenues of $60.4 million, up 21% compared with $49.8 million in Q3 last year;
• GAAP operating income of $3.4 million versus $0.8 million in Q3 last year;
• Non-GAAP operating income of $4.4 million versus $1.3 million in Q3 last year;
• GAAP net income of $2.1 million versus breakeven in Q3 last year;
• Non-GAAP net income of $3 million versus $0.6 million in Q3 last year;
• Adjusted EBITDA of $7.3 million versus $3.9 million in Q3 last year;

World-Leading UAV Manufacturer Selects Gilat in Multi-Year, Multimillion-Dollar Strategic Agreement for UAV Terminals

Gilat’s next generation satellite communication terminals to enable advanced capabilities in high/medium altitude, long-endurance unmanned aerial vehicles from the world-leading manufacturer

Petah Tikva, Israel, November 10, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has entered into a multi-year, multimillion-dollar strategic framework agreement with a world-leading UAV manufacturer.

Telefónica Global Solutions Selects Gilat to Extend 4G Cellular Coverage for Mobile Operators in Latin America

Petah Tikva, Israel, November 7, 2022 — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Telefónica Global Solutions (TGS) selected Gilat to extend 4G cellular backhaul over satellite for mobile operators serving rural areas in the northern part of Latin America. Within the framework of a multi-year agreement with TGS, Gilat will provide its SkyEdge II-c platform to increase support of the large regional projects.

Gilat is already heavily involved in this region and is providing its 4G cellular backhaul over satellite solution to enable connectivity for millions of people throughout the most remote areas in the region.